budget multiplier. Results show that in highly unequal economies the maximum net increase in output and expenditure comes …

fiscal multiplier. However, traditional macroeconomic models have difficulties in accounting for this evidence. It is the … monetary policy. The presence of counter-cyclical firm markups is a crucial ingredient to generating a fiscal multiplier of … fiscal multiplier. …

model and re-examines the important findings on the fiscal multiplier proposed by Dixon (1987), Mankiw (1988), and Startz … productivity role of government expenditure is taken into account. The short-run fiscal multiplier may be positive or negative … each other. The short-run fiscal multiplier does not necessarily exceed the corresponding long-run multiplier. If public …

First, the concept of public expenditure multiplier is redefined to allow for import intensity of exports, and its …

-2009 Great Recession. We estimate the government spending multiplier using Latin American panel data from twelve (12) Latin … multiplier. Lower economic freedom in Latin American countries can help to account for their large spending multipliers. In …

. That generates a novel Kaleckian balanced budget multiplier driven by changed composition of government spending. The paper …

response of private consumption than in a model with perfect insurance. The output multiplier is further amplified through a …